There are exemptions and exceptions, but this sounds dangerously like a securities issue.

But there are some ways to mitigate that. 

Are their any dangers or calculation I could be missing with this financing option? 

If I cold get it for 50k to 100k below market even with the $300 loss, I know in the very near future I could mitigate a lot, and either break even or slightly cash flow. 

However, homeowners should be aware of the dangers associated with dropping temperatures.

We have also targeted insulation projects to mitigate heating costs and make the building more comfortable for tenants.

We have also targeted insulation projects to mitigate heating costs and make the building more comfortable for tenants.

This could be a great way to mitigate those risks and then progress to a Single Family, then small multi-family & then commercial.Ultimately, starting out with a condo as an investment can be a great way to start your journey as a Real Estate investor.  

I need to know immediately when there is a water or fire event in my home so that I can mitigate the damage as much as possible. 

You also want to ensure there is no pending mitigation or lawsuits against or part to the HOA/association.Another issue with Co-Op boards and condos is in some cases they do not own the land that the building(s) sit on instead it a lease/leased land.